Toppled prime minister may have removed assets from Thailand

Speculation has been rife in Thailand that Thaksin may have sneaked money out of the country in the days leading up to the coup, but there has been no confirmation from the council.

Thaksin departed for Finland to begin a foreign tour on September 9, loading up his government-assigned aircraft with 58 large suitcases and trunks, the official of the national carrier said.

The prime minister’s aircraft, named Thai Koofah, was then inexplicably left parked in Finland for more than a week as Thaksin continued on his trip on other transportation.

A second aircraft carrying 56 suitcases – an Airbus 340-600 – was dispatched from Bangkok to meet up with the prime minister just days before the coup, the Thai Airways official said.

Another official in the airline industry confirmed the second flight, saying it left on September 17 – two days before the military toppled Thaksin in a bloodless coup.

It was unclear why Thaksin needed a second aircraft when his own plane was already assigned to fly him to Europe and the US.

Speculation has surfaced about whether Thaksin knew of the coup in advance and moved some of his vast assets out of the country.

Asked about Thaksin taking his assets abroad, ruling military council spokesman Lt. Gen. Palanggoon Klaharn responded: “No comment. I can’t comment on that.”

Thailand’s new ruling military council says it will launch an investigation into alleged wrongdoing under Thaksin’s government, which critics charge was riddled with massive corruption and abuse of power.

A spokeswoman for the airline said she was not aware of the incident “and even if it is true, Thai Airways would only report it to the (council), not to the media.” She said company policy did not allow her to use her name.

The Thai Airways official said it was not known what was taken aboard the second aircraft because only Thaksin’s aides, citing security concerns, were allowed to supervise the loading.

“I want the (military) council to investigate this because we, the employees of Thai Airways International, believe that Thaksin exploited the company through his power as prime minister by using a company aeroplane to transport his assets out of the country,” the official said.

Air force spokesman Capt. Pongsak Semachai said the Thai Koofar aircraft arrived back in Thailand several days ago, but declined to give the exact date.

Earlier, one of Thaksin’s staunchest opponents, publishing tycoon Sondhi Limthongkul, alleged the former leader had chartered two Russian aircraft to take some of his assets out of Thailand.

Sondhi, a key leader of mass street demonstrations against Thaksin earlier this year, made the allegations on his weekly television programme a week before Thaksin departed for Finland and repeated them the following week.

Rumours of such an airlift by Russian aircraft have continued to circulate in the international airline community in Bangkok but could not be confirmed.

Thaksin’s family is among the wealthiest in Thailand, and in 2004 the American magazine Forbes ranked Thaksin as the 16th richest man in Southeast Asia.

In January, the then-prime minister sold the centrepiece of his empire - telecoms giant Shin Corp. – to Singapore’s state investment company, Temasek Holdings, for a tax-free 73.3 billion baht (£1 billion).

The head of the country’s central bank, Pridiyathorn Devakul, has said the proceeds from the sale were probably still in Thailand.

“I estimate that no large amount of Thai baht has been converted into overseas currencies. However, I don’t know whether the money could have been packed in suitcases and taken abroad,” he said last week.

Thaksin and one of his children have stayed in London since the coup, while his wife and two other children remain in Thailand.